partnership of industrial partners
Q: Bank CO approved a loan application of Client ME on January 1, 20A for P3,500,000. Client ME is requ...
A: Direct origination costs are initially added to the carrying amount of the loan and are subsequently...
Q: shall be paid on September 15, 20X2. Find the final amount at the end of the load period.(Use banker...
A: Promissory note refers to an instrument or written document in which one party promise another party...
Q: Dillon Products manufactures various machined parts to customer specifications. The company uses a j...
A: The journal entries are prepared to record day to day transactions of the business on regular basis.
Q: Answer number 11 to 26 only.
A:
Q: Question text Net interest cost is a component of pension expense under IFRS. How is net interest co...
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any ...
Q: The income statement reveals a. resources and equities of a firm at a point in time. b. resources ...
A: Financial statements consists of Income statements, Balance sheet and statement of financial positio...
Q: 4. Using your present and future value tables, calculate the following: a. Compute the amount that a...
A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a...
Q: Contribution margin dividect by Income is the: Multiple Choice Contribution margin ratio. Margin of ...
A: The break even sales are the sales where business earns no profit no loss during the period.
Q: Statement 1: BIR rulings are the final interpretations of the Tax Code. Statement 2: Supreme Cou...
A: Statement 1: BIR rulings are the final interpretations of the Tax Code. - TRUE In some cases, the ru...
Q: What direct materials are used in the production of gummy bears?
A: Dm termed as Direct materials which refers to those materials that are used in the making or manufac...
Q: For each of the following inventory errors occurring in 2021, determine the effect of the error on 2...
A: The entire amount your organization spent as a cost directly tied to the selling of merchandise is k...
Q: 5. For each of the following independent situations, fill in the missing data. In all cases, the sta...
A: Variance refers to those deviation which is used to determine the difference between the actual unit...
Q: amarisk Cole Inc. acquired the following assets in January of 2018. Equipment, estimated service l...
A: Depreciation is the loss in the value of the asset caused due to its usage, wear and tear. There are...
Q: Profit and loss data for A Company and its branch for 2018 + follows: Home office Branch Sales 365,0...
A: Closing inventory of branch from HO at cost be C C + 20% x C = 30000 Cost =25000 Total inventory o...
Q: Describe the audit procedures you would use to learn about each of the situations listed. Begin ...
A: Audit procedures are procedures adopted by auditors to obtain sufficient and appropriate audit evide...
Q: Which of the following tax remedies is both beneficial to the government and taxpayer? a. Tax lien ...
A: In the era of growing global economy and complexities of tax laws, tax payers quite often tends to m...
Q: Q1- You have the following data for the four products (A,B,C,D): PRODUCT VARIABLE FIXED TOTAL COST N...
A: After variable expenses are removed from revenues, contribution margin analysis examines the residua...
Q: Cost of long-term asset = $50,000 Accumulated Depreciation = S25,000 Sales price of L-T asset = $30,...
A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in...
Q: Car Inc. wants to purchase the net assets of Paint Inc. for purposes of horizontal consolidation and...
A: Journal entries (JE) refers to the original books of accounts and it records the daily transaction w...
Q: Data concerning Dorazio Corporation's single product appear below: Percent of Per Unit Sales Selling...
A: Solution: Contribution margin from increased sales units and loss of contribution margin on existing...
Q: Harry, the owner of Harry Pte Ltd, was finalising his company accounts for the year ending 31 Decemb...
A: As we follow Accrual Basis of acounting we have to pass entries when the expenses and...
Q: White Diamond Flour Company manufactures flour by a series of three processes, beginning with wheat ...
A: Note: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-part...
Q: he rate of interest actually earned by bondholders is called the a. stated rate. b. coupon rate. c. ...
A: Solution: There are two rate relevant for bondholders. One is coupon rate that they receive periodic...
Q: The general ledger of AXM, Inc., provides the following information relating to purchases of merchan...
A: Cash payment to suppliers is the amount paid to the supplier of merchandise purchased on account. Gi...
Q: payments of $53,000 are to be made at the beginning of each lease year (December 31). The interest r...
A: A journal entry is an accounting entry which is used to record a business recorded in the accounting...
Q: Chavez Wholesale Inc. changed its method of valuing inventory from the average cost method to the FI...
A: Your journal entries may not be seen if you use accounting system or outsource your accounting, but ...
Q: Creative Stuff, Inc. produced 10,000 units of output but sold only 9,000 of the units produced. Incl...
A: Total Revenue- Total revenue is the total amount of money earned by a company from the sale of goods...
Q: Haribo has manufactured gummy bears, since 1920 Those bears are currently made in 16 plants around t...
A: At the end of the month, approximately what percentage complete will those gummy bears be with respe...
Q: Freshmart Inc. began operations last year when it produced and sold the same nuber of units. This ye...
A: Fixed overhead cost for 750 units = ($30,000 / 1,000) x 750 = $22,500
Q: Amazon.com, Inc. (AMZN) is one of the largest Internet retailers in the world. Best Buy Co., Inc. (B...
A: The question is based on the concept of Financial Management.
Q: Three of the following are requisites of an obligation. Which is the exception? Efficient cause Pres...
A: The four essential elements of an obligation are: an Active Subject, a Passive Subject, The Prestati...
Q: Aaron Corporation, which has only one product, has provided the following data concerning its most r...
A: Under absorption costing, Variable selling and administrative expense and Fixed selling and administ...
Q: Which of the following statements regarding flaws suffered by financial measures is not correct? A) ...
A: Operational Measures are useful in identifying operational problems.
Q: TRUE OR FALSE? The levy may be repeated until the full amount due, including all expenses is collec...
A: Answer 1:- True Explanation:- The above assertion is true. As per the the appropriate section the ...
Q: Financial Accounting and Reporting, Advanced Financial Accounting and Reporting, Management Accounti...
A: The duties of a controller include assisting with the preparation of the operating budget, overseein...
Q: Consider a student loan of $12,500 at a fixed APR of 12%for 25 years. What is the monthly payment...
A: Monthly Payment: Monthly payments let a borrower to pay down part of the remaining sum, which is com...
Q: Question text The relationship between the amount funded and the amount reported for pension expense...
A: In case of multiple questions are posted together, the first question is solved. Pension expense is ...
Q: Exercise 3-1 (Division of Profit using Ratios) Borres, Buendia, and Bustos have capital balances of ...
A: Solution Working note - 1-Calculation of profit sharing ratio based on capital investment- Borre...
Q: What is Cost of Goods Sold (COGS) and how is it calculated? What is Gross Profit and how is it calcu...
A: The income statement is prepared to record the revenues and expenses of the current period.
Q: 6. After discussing the treatment of process losses and abnormal effectiveness in process accounts t...
A: Process X account Particulars Unit Amount(in Rs) Particulars Unit Amount(in Rs) To, Units intr...
Q: tractor A $ 300, 000 tractor B inital cost • life , ammual operations ft00,006 ID yours | $ 35,00 10...
A: Answer) Calculation of Benefit Cost Ratio of Tractor A Benefit Cost Ratio = Present value of Benefit...
Q: Kuzio Corporation produces and sells a single product. Data concerning that product appear below: Pe...
A: Cost volume profit analysis is the technique used by the management for decision-making. The methods...
Q: In the case of conflict between the tax laws and generally accepted accounting standards (GAAP) for ...
A: GAAP refers to Generally Accepted Accounting Principles which were issued by the accounting standard...
Q: Southland Company is preparing a cash budget for August. The company has $17,900 cash at the beginni...
A: Solution... Beginning cash balance = $17,900 Cash receipt = $122,600 Cash disbursement = $135,...
Q: Cost of g0od sold 227,500 125, 900 Gross profit Operating expenses Depreciation expense other expens...
A: When a capital asset is sold loss or gain from the sale is recognized by deducting the carrying valu...
Q: On January 1, 2016, Saul Company issued convertible bonds with a face amount of P 5,000,000 for P 6,...
A: Loss on extinguishement of convertible bonds on December 31,2018 = carrying amount as on date - fa...
Q: Raine Company has a machine that originally cost $170,000. Depreciation has been recorded for five y...
A: Depreciation as per straight line method = (Cost - Salvage value) /useful life = ($170, 000 - $12, 5...
Q: Pharoah Corporation’s comparative balance sheet is presented below. PHAROAH CORPORATION Balance Sh...
A: Cash flow statement provided information about the cash inflows and cash outflows of the company. Ca...
Q: Month Units Sold Total Cost $ 6,570 $ 7,14O $ 9,300 $ 4,500 JanuarY 1,020 February 1,920 March 2,640...
A: Solution: Under high low method, cost at highest point of activity and cost at lowest point of activ...
Q: The Tiger Jungle Company produces two different styles of jeans, Waking Life and Slacker Life. The c...
A: Total units to be produced=Expected units to be sold+Desired ending inventory-Beginning inventory
Step by step
Solved in 2 steps
